Abstract

ALFONSO, Óscar. Segmentation and segregation in Bogotá. Rev.econ.inst. [online]. 2023, vol.25, n.48, pp.215-239.  Epub Mar 18, 2023. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v25n48.12.

Due to residential segregation, housing for low-income households is priced significantly lower than it should be. Market price is significantly lower than it should be, and the price of housing for upper- and middle-class households is much higher. To reach these to these conclusions, this article explores the links between different segments of the residential market and residential segregation. Monopoly rent segregation is the type of land rent that best explains these linkages, as it is a concept that connects the existence of social classes. The concept connects the existence of social classes and the confinement of social groups in contemporary metropolises.

JEL: R31, R32, R51

Keywords : urban land rent; segregation monopoly rent; Bogota; residential segregation; segmented market.

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